Letters: What is the Chancellor trying to achieve?
Zero-sum game Sir: Though troubled by the impact of Budget measures on employers and economic growth, I am more baffled by the regressive nature of those measures on the most vulnerable sectors – retail, hospitality, social care and students (‘Tax, spend, borrow’, 2 November). While the employer of a full-time employee earning £50,000 a year will see a cost increase of 2 per cent, the comparable increases for a full-time adult, a half-time adult and a 16-hour-a-week student on the minimum wage are 10.4 per cent, 13.1 per cent and a staggering 23.2 per cent respectively – and retail and hospitality are also hit by a major reduction in business